Equity-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Employee Benefit and Share-based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Fair Value of Stock Options Granted Using e Monte-Carlo model

The fair values were calculated using the Monte-Carlo model with the following assumptions as of the grant date on June 3, 2021:

	As of June 3, 2021
Closing Cano share price as of valuation date	$	14.75
Risk-free interest rate		1.68% - 2.01	%
Expected volatility		45.0	%
Expected dividend yield		0.0	%
Expected cost of equity		9.0	%

Summary of Activity of Unvested Market Condition Awards Granted

A summary of the status of unvested Market Condition Awards granted under the 2021 Plan from January 1, 2021 through June 30, 2021 is presented below:

	Shares		Weighted Average Grant Date Fair Value
Balance, January 1, 2021		—		—
Granted		12,806,407	$	4.23
Vested		—		—
Forfeitures		—		—
Balance, June 30, 2021		12,806,407	$	4.23

Summary of Unvested Restricted Stock Units Activity

A summary of the status of unvested RSUs granted under the 2021 Plan from January 1, 2021 through June 30, 2021 is presented below:

	Shares		Weighted Average Grant Date Fair Value
Balance, January 1, 2021		—		—
Granted		2,590,472	$	14.75
Vested		—		—
Forfeitures		—		—
Balance, June 30, 2021		2,590,472	$	14.75